Last week? Had a 1000points move. End of day/friday retraced like 50-60% of that. Is it at discount ? or a good support @ big round 1.0700000 If we are buying stop loss shall be a bit larger than 250points because= initial move. Don't knw if anyone get this. London open is coming. All the best
In pattern study. This is called a triangle with target as per chart. In weeks to come. I'll be looking at bullish setups. If you are a swinger.. you don't mind the wait or volatility. OR buys at dips Coz stops are huge. for traders; go to your own bullish pattern etc. I am no guru PLease consult your guru for entries .. ahha
This setup, same as GJ. Not yet complete. The story is still up >> unless it invalidate itself by breaking that (you see it in chart) level. Which is 3/4 level of setup. Till then we stay bullish. Look for good bullish setup. Don't risk everything in 1 shot (MM) All the best
Thursday it made new low. Then on Friday. closed 3/4 of Thursday bearish bar. If we can interpretation of 2 days is a pin = reversal. I'd be looking @ entry IF.. bullish flag break of thursday high. Then if I got my entry. my target will be 2016 = 30$ My will loss is apprx 10-15$ points All the best
Later when the market opens. It's in the value zone. How we manipulate the situation to our advantage. > I always scale bigger (1-3-7 etc etc) within range with stoploss fixed. So if only 1 was hit.. will ride only that. #2 hit .. All depends on what the market gives me. Market = supermarket. You'd want to stack up at discount prices. Stops = whatever...
I like this area. previous strong spike. I hope chart have got a fond memory here :) Spike/rebound. All the best
Yest . it had broken the low. Same as XAUUSD. Now the low will be a resistance @ 33150. (theoretically). The yest low of 33000 apprx (also will be a focus) What happens in those area tonight. Making new lows ? rebound 33500 Your skills should be to align >> depth of market sentiment /news and crystal balls.. hahaha Don't be too serious :) All the best
Previous. Had been a rebound area. For certainty in trading. IDK and I don't move the market/index. I just look at history and try to make sense of entry/by sentiment. You are a master in trading when you master your R:R. Try not to trust 100% in any idea.. and pause / ponder the idea if it make sense to risk it. Thou shall not risk all in one trade. All the best
Possibility is not certainty. I shall always look it that way. Looking to the left we can see a spike. I don't recall the event/news. But I think. There will be memory in the market of a sharp spike. It could go down further. Manage risk well. All the best